A loose diamond is a type of diamond that is crafted into a piece of jewelry, like a pendant or an engagement ring. It is usually available for sale and utilized based on people's demand. Some people own loose diamond as an investment. Majority of high-quality diamonds are sold as loose diamonds. This is because it is easier to control and more selective. A loose diamond is usually designed based on a person's preference as regards the shape, size, color, and cost. They are easier to inspect and more specific when compared with a preset stone. Here is a list of essential steps that will be an advantage when buying a loose diamond;
Step 1: Making important decisions
One of the vital processes that have a lasting effect on the quality of loose diamond purchased, is the decisions made before its purchase. Setting a budget before purchasing is a major factor that prevents unnecessary spending. The price of a loose diamond varies from a cheaper to an expensive diamond. Having an initial price range will help narrow choices, and prevent avoidable delay. Contrary to popular opinion, that a bigger diamond is always of better quality, it is not usually true in most cases. However, an individual must consider the preferred size and quality before making a purchase.
Step 2: Understanding diamond certifications
Before buying a loose diamond, one of the vital information to acquire is diamond certification. The gemological laboratory is a scientific evaluation that involves a certificate issued to confirm the authenticity and quality of a diamond and check if its value matches the seller's claim. This certificate provides an accurate assessment and helps in determining if the results are of interest to a customer.
Step 3: Fundamental knowledge of the 4Cs
regardless of the reason behind buying a loose diamond, whether as an investment or as a gift, having a fundamental knowledge about the assessment of diamonds is important. Color, clarity, cut and carat are four basic characteristics that affect the value and appearance of an unmounted diamond. Color describes the appearance of a diamond and varies from D (colorless) to Z (light yellow). Also, clarity refers to the unnoticed imperfection that exists in diamonds, such as, inclusions. Another "C" factor to consider is "cut". How a diamond is cut determines its symmetry, shape, reflect light etc. Finally, carat is another " C" factor that needs to be considered. Carat represents the weight a diamond has. With 1 carat equating to 0.007 ounces or 0.2grams. Understanding the effect of the 4Cs will help influence a better shopping decision.
Step 4: Talking to a consultant
Sometimes, applying the 4Cs might be a little confusing, thus, the need for a professional who can guide through and help answer certain questions. Buying a loose diamond can be a big investment, which may require a second opinion as regards the appropriate cut, shape or color that fits a proposed budget.
In conclusion, buying a loose diamond can be a memorable and rewarding experience, or otherwise. However, if the listed steps are followed, it will help in purchasing a sparkling and beautiful loose diamond.
Loves to write about trends, tips & tricks from all over the internet, also part-time fashionista.